Euvic Ukraine, a subsidiary of Polish IT group Euvic, has raised €4 million in investment to continue its strategy of acquiring Ukrainian technology companies. The new funds will be used to scale the Ukrainian IT market consolidation platform, which the company has been developing since 2023.
Euvic Ukraine, a subsidiary of Polish IT group Euvic, has raised €4 million in investment to continue its strategy of acquiring Ukrainian technology companies. The new funds will be used to scale the Ukrainian IT market consolidation platform, which the company has been developing since 2023.
The investment round was led by 3TS Capital Partners through TCEE Fund IV with the participation of a private investor. As a result of the deal, the fund received a significant minority stake in Euvic Ukraine, while control of the company remains with the Polish Euvic SA.
According to the company, the raised financing will accelerate M&A activity in Ukraine and expand opportunities for concluding new deals.
The Euvic Ukraine platform operates on a model of consolidation of Ukrainian technology businesses through their acquisition and integration into the group’s ecosystem. Mergewave Capital acts as the exclusive M&A advisor for all transactions.
Currently, Euvic Ukraine includes Artkai, Exoft, 7Devs, Lampa Software, and Diya. The company plans to triple the scale of its business over the next two years and become one of the largest IT companies in Ukraine.
Today, the Euvic Ukraine team has almost 500 specialists, and the business valuation is about $10 million.
Mergewave Capital co-founder Taras Bachynskyi said that the company continues to look for new properties to acquire. First of all, Euvic is interested in Ukrainian IT outsourcing companies with approximately 100 specialists with a valuation multiplier of 3–4 EBITDA. The group is also considering businesses operating in the areas of IT administration and digital governance.
The Polish group Euvic was founded in 2005 in Gliwice. Today it unites more than 30 companies, has more than 6,000 employees and operates in Poland, Ukraine, Sweden, the USA and other countries. The company specializes in outsourcing software development, digital transformation, cloud technologies and corporate IT infrastructure. Its annual turnover exceeds $230 million.
Euvic’s expansion in Ukraine began in 2023 with the acquisition of Lviv-based Exoft. Later, the group was joined by Artkai, 7Devs, Lampa Software, and in 2025, Diya, a company engaged in IT infrastructure support for businesses. The group also invested 25,1% in the platform for IT freelancers WeExpert.
In March 2026, Euvic became a public company after entering the NewConnect alternative platform of the Warsaw Stock Exchange through a reverse merger. The shares began trading under the ticker EUV. Today, the company’s market capitalization is about 892 million Polish zlotys (approximately $250 million).
3TS Capital Partners, which led the investment round, specializes in investing in technology companies in Central and Eastern Europe. It has over €450 million in assets under management, and notable investments include LogMeIn, Tresorit, SalesManago, and Avangate.
